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Dec 31, 2022
Post Q1 2023 Earnings Report
Reported results for the first fiscal quarter ended December 31, 2022 and Raised fiscal year 2023 outlook.
Key Takeaways
Post Holdings reported a strong first quarter with net sales of $1.6 billion and a significant increase in operating profit and net earnings. The company raised its fiscal year 2023 Adjusted EBITDA guidance to $1,025-$1,065 million.
First quarter net sales reached $1.6 billion.
Operating profit was $149.9 million, and net earnings from continuing operations totaled $91.9 million.
Adjusted EBITDA for the first quarter was $269.9 million.
Fiscal year 2023 Adjusted EBITDA guidance raised to $1,025-$1,065 million.
Revenue by Segment
Forward Guidance
Post management has raised its guidance range for Adjusted EBITDA to $1,025-$1,065 million and expects fiscal year 2023 capital expenditures to range between $275-$300 million.
Positive Outlook
- Adjusted EBITDA outlook for fiscal year 2023 raised to $1,025-$1,065 million.
- Capital expenditures are expected to range between $275-$300 million.
- Includes $75-$85 million investment in RTD shake manufacturing
- Includes $75-$85 million investment in precooked eggs
- Includes $75-$85 million investment in cage-free eggs
Challenges Ahead
- Significant volatility in the cost or availability of inputs to Post’s businesses.
- Disruptions or inefficiencies in Post’s supply chain.
- Post’s high leverage and ability to service its outstanding debt.
- Changes in economic conditions and disruptions in the U.S. and global capital and credit markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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